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Core PCE Report for April 9, 2026
Published Apr 09, 2026 8:31 AM
The February 2026 Core PCE report released April 9, 2026, showed inflation rising 3.0% annually, exactly as forecast, while the monthly increase was 0.37%–0.4%. While core prices (excluding food/energy) rose, the overall PCE index increased 2.8% annually, indicating persistent, sticky inflation that complicates the Federal Reserve's rate-cut decisions.
Core PCE (Year-over-Year): 3.0% (expected 3.0%, down from 3.1% in January).
Core PCE (Month-over-Month): 0.37%–0.4% (expected 0.38%, up from 0.36% in January).
Headline PCE (Year-over-Year): 2.8% (expected 2.6%).
Key Takeaways
Sticky Inflation: The report shows inflation remained steady, confirming a period of "sticky" prices rather than a sharp acceleration or deceleration.
Fed Policy Implications: The data leaves the Fed with limited progress toward its 2% target, justifying a potential rate pause or further delay in rate cuts.
Goods Prices Rising: An acceleration in core goods prices contributed significantly to the monthly gain.
Upcoming Impact: Because the report covers February, it does not fully reflect the energy market volatility and oil price surges that began in March and April 2026.
https://www.bea.gov/data/personal-consumption-expenditures-price-index-excluding-food-and-energy
Core PCE (Year-over-Year): 3.0% (expected 3.0%, down from 3.1% in January).
Core PCE (Month-over-Month): 0.37%–0.4% (expected 0.38%, up from 0.36% in January).
Headline PCE (Year-over-Year): 2.8% (expected 2.6%).
Key Takeaways
Sticky Inflation: The report shows inflation remained steady, confirming a period of "sticky" prices rather than a sharp acceleration or deceleration.
Fed Policy Implications: The data leaves the Fed with limited progress toward its 2% target, justifying a potential rate pause or further delay in rate cuts.
Goods Prices Rising: An acceleration in core goods prices contributed significantly to the monthly gain.
Upcoming Impact: Because the report covers February, it does not fully reflect the energy market volatility and oil price surges that began in March and April 2026.
https://www.bea.gov/data/personal-consumption-expenditures-price-index-excluding-food-and-energy